Dogecoin price increased by 5.17% over the past 24 hours.

Dogecoin price increased by 5.17% over the past 24 hours.

Performance after Thursday 22-Dec
Period Pct Chg Momentum
Thursday 4.22% 0.00311
Week to-date -1.26% -0.00099
December -27.43% -0.02929

DOGE Analysis

Dogecoin (DOGEUSDT) price for the week to-date dropped -1.26% or -0.00099 lower to 0.07748. At time of writing into Friday’s trading session, Dogecoin has increased by 5.17% over the past 24 hours. For the record, DOGEUSDT is -89.41% below all-time high of 0.73158. On Thursday, DOGE rose 4.22% to 0.07685.

On the daily timeframe, price is below 9-Day EMA and Stochastic oscillator is rising, our analysis is that the price action might be set for a rebound.

For the month-to-date, DOGE is down by -27.43% or -0.02929 lower.

What can we expect from Dogecoin today?

Looking ahead for the day, immediate upside resistance level at 0.07870 (R1) while on the downside, we are looking at daily low of 0.07327 as an important support. Break below this level could weaken the current bullish momentum.
Dogecoin need to break on either side to indicate a short-term bias. A break above 0.07783 would suggest bullish bias after recent positive movement.

For the week to-date, take note that Dogecoin is falling as the pair posted lower, down by -1.26%. Prior performance for the week ending 2022-12-18 was -15.31%.

Key levels to watch out:

R3 0.08326
R2 0.08054
R1 0.07870
Daily Pivot 0.07598
S1 0.07414
S2 0.07142
S3 0.06958

Last updated: 01:53 am UTC, 23-Dec 2022

About Dogecoin

Dogecoin is a cryptocurrency based on the popular “Doge” Internet meme and features a Shiba Inu on its logo. Dogecoin is a Litecoin fork. Introduced as a “joke currency” on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes.The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional.To purchase Dogecoin, it involves downloading a crypto wallet, setting up a crypto exchange account and then trading away for your desired crypto currency. Once we have set up an account with a DOGE currency exchange and deposited some funds, you are ready to start trading.

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